Weekly Tax Inventory - 9-19-2013

Ty Warner, the Chicago-area entrepreneur who became a billionaire creating Beanie Babies stuffed plush toys, has been charged with felony tax evasion by federal authorities and has agreed to plead guilty and pay a $53.5 million penalty, federal officials and Warner’s attorney said in separate statements Wednesday.

WASHINGTON -- House Judiciary Committee Chairman Bob Goodlatte (R-Va.) Wednesday released seven principles for crafting a House version of an Internet sales tax bill, reviving the issue following passage of Senate legislation in May.

Sen. Mike Lee's remarks to the AMerican Enterprise Institute. The text begins with "I am here today because I believe the public policy status quo in Washington – and in particular, within the Republican Party – must once again be challenged and transformed."

The Republican Party had complete control of the federal government from 2001 through 2006, and they were in command of the executive branch for another two years after that. During this time, they used their power to produce an economic catastrophe—the worst recession since the Great Depression.

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